Wednesday, February 8, 2017

Calibre Mining Corp. - CXB.v

Calibre Mining Corp. (TSX-V: CXB) (the "Company" or "Calibre") is pleased to announce the start of the first two drilling programs of 2017 on the Borosi Concession, Northeast Nicaragua. The first drilling program is at the Eastern Borosi Project, which is being funded by Calibre's partner IAMGOLD Corporation ("IAMGOLD") and the second program is on the 100% Calibre owned Monte Carmelo Gold Skarn Project.

Highlights
•The 2017 drilling program has been approved by partner IAMGOLD and consists of a minimum 6,000 metres of drilling. Drilling has begun and is continuing to test extensions of high grade gold-silver vein systems outlined in the 2014-2015-2016 drilling programs which to date has included 18,600 metres of drilling in 116 drill holes and step out drilling on the Riscos de Oro Inferred Resource.
•The maiden drilling program on the 100% owned Monte Carmelo Gold Skarn has commenced and will consist of a minimum of 2,500 metres.
•A total of three additional drilling programs are planned for 2017